Swingman explained this reduction recovery egy to me and that I still have a hard time understanding it. Initially I thought that I get it. But then... Can you guys know it?
Let's see an example:
Price is 1,550
RecoveryZone = 50 and ExitZone = 150
1. I place Market Buy = 1.550 with SL = 1.500 and TP = 1.700 (1 lot, as in Excel Sheet)
2. I place a Pending Economy = 1.500 with SL = 1.550 and TP = 1.350 (0.40 lots)
If order 1. Doesn't reach TP and is still a reduction, but market is a triumph, I have
from 1. -50 * 1 = -50 and
from two. 150 * 0.40 = 60.
Total = 10
3. After the sell order starts, I place a pending buy as for order 1 (with 0.53 lots).
If Economy 2 is a reduction, starts the buy order 3.
When he wins, we now got two losses from 1 and 2 (-50-20 = -70) plus a win from 3 ( 150 * 0.53 = 80)
Total = 10
https://www.forexforum.co.za/attachm...567646944.xlsx